saml01

GBP/JPY Potential Short

Short
FX:GBPJPY   British Pound / Japanese Yen
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Top Down Approach:

Identified the weekly downtrend and the next lower high point @ 146.850 area
Identified the daily strong s/r zone @ 145.755 (nearly broke through)

expecting price to hit daily trendline and reject, then swing down for the lower high weekly movement

only take this trade on a retest of daily level for the long
or the short once the lower high has created and shown rejection